Skip to content

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Please ensure you fully understand the risks involved. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Please ensure you fully understand the risks involved.

Indices mixed as US earnings season gets underway

After a better start to the week gains have stalled, as the focus shifts to US inflation data and the start of earnings season.

Source: Bloomberg

FTSE 100

Gains have stalled below 7140, with the FTSE 100 unable to make any real forward progress.

A move above 7180 is needed to spark a bigger move to the upside, while sellers will need to drive the price below 7030 to suggest a deeper retracement is at hand.

Source: ProRealTime

DAX

The index moved up to a new record high yesterday, and has edged back down slightly since. However, a longer-term move higher still continues to elude the index.

Dips towards 15,500 have found buyers of late, with 15,300 as firm support during two recent steep drops.

Source: ProRealTime

S&P 500

A new record high for the S&P 500 yesterday has been followed up by some short-term weakness, but the overall move higher is still firmly intact.

Trendline support from the mid-June drop comes into play near 4340, and then below this 4290 is a possible area of support.

Source: ProRealTime

This information has been prepared by IG, a trading name of IG Australia Pty Ltd. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients.

Take a position on indices

Deal on the world’s major stock indices today.

  • Trade the lowest Wall Street spreads on the market
  • 1-point spread on the FTSE 100 and Germany 40
  • The only provider to offer 24-hour pricing

Live prices on most popular markets

  • Forex
  • Shares
  • Indices

You might be interested in…

Find out what charges your trades could incur with our transparent fee structure.

Discover why so many clients choose us, and what makes us a world-leading provider of CFDs.

Stay on top of upcoming market-moving events with our customisable economic calendar.